Dear Tax Talk,I have a rental property. I have done all the research and am now filling out Schedule E. Here are my questions. 1. What do the passive activity loss rules mean in plain English? Is it ...
A recent case, Senty v. United States, provides several important lessons for tax return preparers . Mr. Senty was involved ...
The Tax Court recently ruled on the same day in favor of the IRS in two unrelated cases involving the passive loss rules for rental activities (see also “ Real Tax Savings in Real Estate,” page 68).
Real estate professional status can provide relief from the Passive Activity Loss Limitation rules and the 3.8% Net Income Investment Tax (“NIIT”), resulting in significant tax savings. Rental ...
In a 2014 case, 1 the U.S. Tax Court ruled that in some instances a trust can “materially participate” in a trade or business, thus avoiding the “passive activity loss rules” which generally apply to ...
Forbes contributors publish independent expert analyses and insights. Peter J Reilly is a Forbes contributor who covers taxes. When I first started tax blogging way back in 2009, I named my blog ...
Passive income broadly refers to money you don't earn from actively engaging in a trade or business. By its broadest definition, passive income would include nearly all investment income, including ...
NEW YORK (Reuters Health) - Do you have an unchallenging job with little control over what you do? You may be more likely to be a couch potato in your leisure time, a new study shows. "These ...
Passive income broadly refers to money you don't earn from actively engaging in a trade or business. By its broadest definition, passive income would include nearly all investment income, including ...
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